457(f) Plan

The George Washington University Benefit Restoration Plan, or 457(f) Plan, is designed to restore or replace certain benefits that cannot be provided under the GW 401(a) plan due to IRS compensation limits. Eligible employees are staff or faculty members who are eligible for the 401(a) Plan, and whose salary exceeds the IRS Annual Compensation Limit for qualified plans. For 2018, the limit is $275,000.

Contributions to the 457(f) Plan are funded by GW. Each December, eligible employees are notified of their eligibility and contribution amounts.

To understand how this plan works together with your GW 403(b), 401(a)  and 457(b) plans, please review the  Four Plan Comparison (PDF) brochure.